The unsettled nature of the venture capital industry is well depicted in two differing reports released Tuesday. Both detail venture capital investments for the second quarter of 2003, but offer a conflicting picture of U.S. investing activity.
The City of Spokane and a group of local organizations have penned a strategic plan designed to help the city and the Inland Northwest achieve an Innovation Economy.
Nearly 60 percent of the new jobs in the knowledge-based economy of the early 21st century will require skills that are held by just 20 percent of the present workforce, states a new report released by the National Coalition for Advanced Manufacturing (NACFAM). The Case for Enhancing American Workforce Skills examines a growing skills gap in the nation's manufacturing sector and the problems employers have in finding skilled workers able to deal with technological changes in the workplace.
Until now, the opportunities have been fairly limited for tech-based economic developers to learn from the lessons of fellow practitioners running successful entrepreneurship programs.
Small businesses in the U.S. should consider a wide and complex range of factors before investing in foreign patents, recommends a new report prepared by the U.S. General Accounting Office (GAO).
C. Michael Cassidy, president of the Georgia Research Alliance, has been appointed to the governing board of the Biotechnology Industry Organization.
Joint Venture: Silicon Valley has named Russell Hancock as its new president and CEO.
C. Michael Cassidy, president of the Georgia Research Alliance, has been appointed to the governing board of the Biotechnology Industry Organization.
Joint Venture: Silicon Valley has named Russell Hancock as its new president and CEO.
Dr. Lee Eiden, SBIR Program Coordinator for the U.S. Department of Education for nearly seven years, is shifting positions within the agency to work for the Office of Management/Chief Information Office. Dr. Eiden's contributions toward improving the state-federal partnership for SBIR outreach and technical assistance will be greatly missed by the state and local tech-based economic development community.
The director of the Arkansas Department of Economic Development has announced his retirement. Jim Pickens will remain in the position until his replacement is named, according to local news reports.
Pari Sabety, director of Ohio State University's Technology Policy Group, is leaving to become Director of the Neighborhood Markets Initiative, a new program of the Center for Urban and Metropolitan Policy in the Brookings Institution.
The director of the Nebraska Department of Economic Development, Al Wenstrand, is leaving to become executive director of the Florida's Great Northwest, an economic development agency serving the Florida Panhandle.
SSTI continues this year's "Tech Talkin' Govs" series. The first installment of this 2006 review of governors' legislative priorities concerning tech-based economic development is available through the Digest online: http://www.ssti.org/Digest/digest.htm
Maine
Like many low-population states that cannot benefit from tax revenues from oil and gas exploitation such as Wyoming and Alaska, Rhode Island must leverage its existing university and industry research capabilities more fully and encourage more private investment activity, according to the five initial recommendations of the Rhode Island Science & Technology Advisory Council (STAC).
One of the biggest obstacles for products drawing on alternative energy is finding a market big enough to bring the cost down of their new technologies to attract the larger more risk-adverse population of consumers. Californians are stepping up to the challenge after committing to invest nearly $3 billion over the next 10 years to aid in the shift to cleaner power.
The University of California (UC) is demonstrating success in several key areas under a compact designed to facilitate timely graduation. Findings of the first annual report reveal the university is achieving success in degree production in high priority areas for the state, effective community college transfer, and transfer of research innovations to the marketplace, according to the UC press office.
SSTI has compiled a table of the National Institutes of Health (NIH) awards in total dollars and state rankings from fiscal years 2000-2004. The states are ranked by percent change over the five-year period. The greatest gains were posted in North Dakota (202.51 percent), Alaska (200.98 percent), Idaho (157.48 percent), Montana (144.72 percent), Virginia (120.85 percent), and Hawaii (107.06 percent).
We recognize that SSTI's annual conference quickly has become the premier professional development event annually for the tech-based economic development field. It's quite an honor, but it is also quite an obligation. Our conference participants have come to expect a level of unsurpassed quality. At least, that's what they tell us in the evaluations.
The backdrop for this year's annual meeting of the National Conference of State Legislatures (NCSL) was painted in budget cuts, tax increases and nearly three years of gloomy economic news. Only adding salt to the wounds, the meeting was held in California, a state whose FY 2003 deficit – now carried over into FY 2004 because of partisan squabbling – could swallow the entire budget approved in more than half of the states in attendance.
As states forecast the worst fiscal crisis in half a century may be ending, the nation's mayors, too, see marked economic improvement on the horizon, according to a report released last Thursday by the U.S. Conference of Mayors. However, they remain concerned that the economy is still not generating jobs at a sufficient level for U.S. workers.
The 2004 budget for the U.S. Department of Agriculture, as passed by the House of Representatives mid-July, includes $678 million for the Distance Learning, Telemedicine and Broadband program (DLT). Through loans, grants and loan and grant combinations, DLT provides the facilities and equipment to link rural education and medical facilities with more urban centers and other facilities.
Late last week, the Department of Homeland Security (DHS) released a Broad Agency Announcement (BAA) calling for academic white papers that will focus on specific areas related to social science issues. This is the first step in the review process for colleges and universities that would like to be selected as a Homeland Security Center of Excellence (HS-Center). The Department anticipates selecting at least one HS-Center by end of November 2003 and up to nine more HS-Centers by end of 2004.
Congressional responses to the Administration's recent proposal to merge the Department of Commerce's technology and telecommunications operations into one coordinated agency ranged from a hearty endorsement to dead in the water, according to Capitol Hill-focused news media.
With the sustained depth of the recession, the IT crash, the rapid growth in unemployment and the speculative office construction craze of the late 1990s, one would expect office vacancies to climb and property lease rates to edge down in many cities. Following this thought further might suggest, with cheaper office space available, the need for publicly supported low-rent technology incubator space would decrease.
The National Science Foundation (NSF) has published online the Science & Engineering State Profiles: 2000-2001, a set of 52 science and engineering (S&E) profiles summarizing state-specific data on personnel and finances. Rankings and totals are given for the 50 states, Washington, D.C., and Puerto Rico, and the report includes a data source page.